TonyB25

Short GBPUSD?

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FOREXCOM:GBPUSD   Libra Esterlina/Dólar Americano
Here is what I think... by looking at the peaks the price hits and comes back down is a likely thing to happen in the next couple days or so. I circled the previous peaks with yellow to show you that it is the same pattern as what is going on now with the red circle. The MACD is turning downwards and there is a slight divergence. Pay attention to the price pattern as well... there is a lot of fluctuation and I think we need to use it to our advantage by keeping up with the patter. Keep your eye on this, because I am thinking we need to short this sucker.

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